Larson Financial Group LLC purchased a new position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,000 shares of the company’s stock, valued at approximately $44,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in FMAT. EPG Wealth Management LLC bought a new stake in Fidelity MSCI Materials Index ETF in the third quarter worth $30,000. Baldwin Brothers LLC MA purchased a new stake in Fidelity MSCI Materials Index ETF during the 4th quarter valued at about $31,000. Romano Brothers AND Company purchased a new stake in Fidelity MSCI Materials Index ETF during the 4th quarter valued at about $56,000. Concord Wealth Partners bought a new stake in Fidelity MSCI Materials Index ETF during the 4th quarter valued at about $62,000. Finally, CWM LLC purchased a new position in Fidelity MSCI Materials Index ETF in the third quarter worth about $67,000.
Fidelity MSCI Materials Index ETF Stock Down 1.0 %
NYSEARCA:FMAT opened at $45.27 on Monday. The stock has a market cap of $470.81 million, a price-to-earnings ratio of 11.96 and a beta of 1.12. The company’s 50 day moving average price is $45.32 and its 200-day moving average price is $44.66. Fidelity MSCI Materials Index ETF has a 52 week low of $37.43 and a 52 week high of $49.80.
Fidelity MSCI Materials Index ETF Profile
The Fidelity MSCI Materials Index ETF (FMAT) is an exchange-traded fund that is based on the MSCI USA IMI Materials 25\u002F50 index, a market-cap-weighted index of stocks in the US basic materials sector across the entire market-cap spectrum. FMAT was launched on Oct 21, 2013 and is managed by Fidelity.
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